Work

Economic Impact of the Application of the ETS to European Ports: Analysis of Different Scenarios

Year: 2024

Type: article

Abstract: The fight against climate change is one of the main global challenges of our time, and the European Union (EU) seeks to achieve climate neutrality and energy transition for the continent by 2050 through various policies. This research studies the economic implications of the EU Emissions Trading System (ETS) on European ports. By analysing various maritime scenarios, the study assesses how the ETS influences shipping routes, port competitiveness, and overall economic activity. A key finding is that the ETS imposes significant additional costs on shipping companies, which could lead to adjustments in routes and a shift in cargo volumes to ports in regions with less stringent environmental regulations. This could result in job losses in European port communities and reduce the competitiveness of European ports. In addition, the potential for carbon leakage, where shipping activities are simply relocated to regions with fewer emission controls, is explored.

Source: Sustainability

DOI: 10.3390/su162310433

Authors: Javier Vaca-Cabrero, Nicoletta González-Cancelas, Alberto Camarero-Orive, María Magdalena Esteban-Infantes Corral, Stefano Ricci

Institutions: Universidad Politécnica de Madrid, Ingenieria Y Economia Del Transporte, Sapienza University of Rome

Language: English

Topic: Maritime Transport Emissions and Efficiency

Subfield: Environmental Engineering

Field: Environmental Science

Domain: Physical Sciences

SDGs: Climate action, Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $2,728